SHA:603991 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-44.97	-30.53	-44.42	-16.82	-53.43	-48.08
Depreciation & Amortization	13.63	13.63	14.59	12.54	12.97	13.63
Other Amortization	0.91	0.91	0.74	0.87	1	1.05
Loss (Gain) From Sale of Assets	-	-	-	0.03	-0.39	1.69
Asset Writedown & Restructuring Costs	0.55	0.55	19.75	0.02	-	0.16
Loss (Gain) From Sale of Investments	-0.74	-0.74	-13.18	-20.94	-	-
Provision & Write-off of Bad Debts	4.08	4.08	19.17	19.7	32.24	7.77
Other Operating Activities	90.08	26.49	13.56	3.42	4.28	9.66
Change in Accounts Receivable	-101.13	-101.13	-55.57	-24.87	128.83	-107.95
Change in Inventory	23.63	23.63	11.42	-8.02	20.22	6.58
Change in Accounts Payable	34.17	34.17	-10.53	-1.07	-33.24	187.16
Operating Cash Flow	22.39	-26.77	-41.86	-39.63	110.3	66.99
Operating Cash Flow Growth	-	-	-	-	64.65%	46.71%
Capital Expenditures	-1.16	-0.06	-0.25	-	-0.39	-0.38
Sale of Property, Plant & Equipment	-	-	-	-	0.73	0.54
Cash Acquisitions	-	-	-97.74	-4.77	-	-
Divestitures	-	-	-	29.91	-	-
Investment in Securities	-22.88	0.12	-	-	-	-
Other Investing Activities	2.47	13.23	-	-	-1.02	3.41
Investing Cash Flow	-21.57	13.29	-97.99	25.14	-0.69	3.57
Long-Term Debt Issued	-	92.5	199.5	14.5	90	187.91
Total Debt Issued	19.5	92.5	199.5	14.5	90	187.91
Short-Term Debt Repaid	-	-	-10	-	-	-
Long-Term Debt Repaid	-	-70.5	-57.5	-20.5	-152.4	-257.31
Total Debt Repaid	-51.5	-70.5	-67.5	-20.5	-152.4	-257.31
Net Debt Issued (Repaid)	-32	22	132	-6	-62.4	-69.4
Common Dividends Paid	-5.52	-9.87	-3.33	-3.19	-4.52	-8.94
Other Financing Activities	7.52	0.99	14.56	-	-	-
Financing Cash Flow	-30	13.12	143.23	-9.19	-66.92	-78.34
Foreign Exchange Rate Adjustments	0.1	0.07	0.05	-	-	-
Net Cash Flow	-29.08	-0.29	3.42	-23.68	42.69	-7.78
Free Cash Flow	21.23	-26.83	-42.11	-39.63	109.91	66.61
Free Cash Flow Growth	-	-	-	-	65.00%	122.86%
Free Cash Flow Margin	6.59%	-7.36%	-17.59%	-30.60%	85.77%	21.40%
Free Cash Flow Per Share	0.29	-0.36	-0.56	-0.53	1.47	0.90
Cash Interest Paid	0.07	0.07	0.07	0.01	-	-
Cash Income Tax Paid	13.91	11.28	9.9	2.68	5.55	3.73
Levered Free Cash Flow	34.92	-15.4	-59.58	-31.52	126.02	76.27
Unlevered Free Cash Flow	41.39	-8.6	-54.96	-29.53	128.7	83.01
Change in Working Capital	-41.16	-41.16	-52.07	-38.46	113.63	81.12

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.